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Consumer Behavior: Implications for Marketing Strategy 6e Quested Pedigree Hawkins www.mhhe.com/au/questercb6e ISBN: 9780070287099 Publication date: November 2010 Subject area: Consumer Behavior Marketing.
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Tute FAQ
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Generally speaking, there are different consumer buying behaviours, which can be categorised in the following: Extended Decision-Making. Limited Decision-Making. Habitual Buying Behavior. Variety-Seeking Buying Behavior.
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In general, there are four factors that influence consumer behaviour. These factors impact whether or not your target customer buys your product. They are cultural, social, personal and psychological.
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Consumer behavior is the study of how individual customers, groups or organizations select, buy, use, and dispose ideas, goods, and services to satisfy their needs and wants. It refers to the actions of the consumers in the marketplace and the underlying motives for those actions.
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Understanding consumer buying behavior is vital for marketers, as it sheds light on why consumers make the decisions they do. In turn, this will help marketers to understand which of their campaigns are more effective, and to more highly target their marketing spend in the future, increasing return on investment.
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Studying consumer behavior helps marketers see what consumers want and their reasons choosing certain products over others. By understanding consumers' reactions to goods and marketing, they can analyze their audience's needs and expectations and thus work toward meeting them.
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Psychological, Cultural, Social and Personal are the four factors that affect consumer behaviour.
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Understanding consumer buying behavior is vital for marketers, as it sheds light on why consumers make the decisions they do. In turn, this will help marketers to understand which of their campaigns are more effective, and to more highly target their marketing spend in the future, increasing return on investment.
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Experts agree that there are four main types of consumer behavior: complex-buying behavior, dissonance-reducing buying behavior, habitual buying behavior, and variety-seeking buying behavior.
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